Digital health platform Speedoc secured $13 million in new funding from investors, including Vertex Ventures Southeast Asia & India, last week. The lead investor in the Series A2 funding was Erste WV Gütersloh GmbH, a subsidiary of German conglomerate Bertelsmann. The startup’s share price in the latest round is more than twice that in its last financing… Continue reading Data Vantage: Speedoc, Sunbird Bio, Nuevocor, Fonos and Mindtera bag funding
Author: Deal Street Asia Online News
Australia’s Carbon Growth Partners hits $32m first close of Fund IIThe fund has raised from single- and multi-family offices such as Silverstrand Capi…
Australia-based Carbon Growth Partners has hit the $32-million first close of its second carbon fund, according to a senior executive at the investment firm. The fund is on track to hit its $50-million initial target by the end of this year and may raise up to $100 million for the vehicle, shared Carbon Growth Partners’… Continue reading Australia’s Carbon Growth Partners hits $32m first close of Fund IIThe fund has raised from single- and multi-family offices such as Silverstrand Capi…
Quona Capital set to finalise third fund at around $350m
Emerging markets-focused investor Quona Capital has finalised its third fund at around $350 million, surpassing its target of $250 million, according to two people aware of the development. The fund is said to have secured the backing of Singapore state investor Temasek Holdings, European asset manager Golding Capital Partners, and global investment firm Cambridge Associates,… Continue reading Quona Capital set to finalise third fund at around $350m
Malaysian PE firm Creador plans to deploy 40% of fifth fund to India
Malaysia-headquartered private equity (PE) firm Creador is looking to deploy about 35-40% of its fifth fund to companies in India as it bets big on sectors such as consumer, retail, financial services, and healthcare, among others, its top executives told DealStreetAsia in an interview. The PE firm made headlines earlier this year for raising as… Continue reading Malaysian PE firm Creador plans to deploy 40% of fifth fund to India
Asia-focused SPAC AlphaVest Acquisition files for $60m IPO in the US
AlphaVest Acquisition, a special purpose acquisition company (SPAC) that targets businesses in Asia, has filed with the US Securities and Exchange Commission (SEC) to raise up to $60 million in an initial public offering (IPO). The blank cheque company, led by executives of Shenzhen Guoxing Capital and V-Stone Capital, is offering 6 million units at… Continue reading Asia-focused SPAC AlphaVest Acquisition files for $60m IPO in the US
China Deal Review: A $2.5b megadeal props up startup fundraising in October
As the number of venture deals in Greater China slid further from August’s peak, October saw 178 startups raise a combined $5.1 billion. This included one megadeal that contributed almost half of the month’s total financing. The deal count of 178 in October marked a decrease of 9.6% from the prior month. The deal value… Continue reading China Deal Review: A $2.5b megadeal props up startup fundraising in October
India’s GreenCell receives $55m sanctions from ADB, others to make e-busesIt has also received grants worth $325,000 from CTF and $5.2m from the Goldm…
Electric bus maker GreenCell Mobility has received $55 million in sanctions from Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Clean Technology Fund (CTF) to develop 255 electric battery-powered buses. GreenCell, which is backed by Eversource, a joint venture between investment management firm Everstone Group and solar energy project developer Lightsource bp, has… Continue reading India’s GreenCell receives $55m sanctions from ADB, others to make e-busesIt has also received grants worth $325,000 from CTF and $5.2m from the Goldm…
Private equity fund JIP submits $15b bid for Toshiba
Private equity fund Japan Industrial Partners has submitted a bid of around $15 billion to buy Toshiba Corp, the Nikkei newspaper reported on Monday, delivering the proposal just before a looming preferred-bidder deadline. JIP‘s proposal, which includes more than ten investors including utility Chubu Electric Power Co Inc and financial services group Orix Corp, appears… Continue reading Private equity fund JIP submits $15b bid for Toshiba
Värde Partners to invest $1b in India in a year, per reportVärde is looking to invest $100-200m per deal, MD Sandeep Chandak told Mint.
US alternative investment firm Värde Partners plans to invest as much as $1 billion to grow its portfolio in India as part of a broader strategy to tap potential opportunities in the credit market, Mint reported on Monday. “Over the next 12 months, across 6-8 transactions, we are looking at anywhere around $800 million to… Continue reading Värde Partners to invest $1b in India in a year, per reportVärde is looking to invest $100-200m per deal, MD Sandeep Chandak told Mint.
Tencent, Baidu, Weibo downgraded by Morningstar ESG unit over censorship
Sustainalytics, the environmental, social and governance (ESG) rating unit of U.S. financial services group Morningstar, has downgraded Tencent Holdings, Baidu and Weibo Corp over their role in China’s expanding control of its internet. The move, which was made in recent months, prompted at least one U.S. asset manager, WisdomTree Investments, to delete the firms from… Continue reading Tencent, Baidu, Weibo downgraded by Morningstar ESG unit over censorship